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Huobi aims to issue 500 million tokens

Huobi declared about trading Ethereum ERC-20 based token from 23rd January. It is aimed to issue 500 million tokens out of which 60% is to be sold to customers and the other 40% to be distributed for platform operators, team incentives and user rewards. Huobi also clarified that this issue is not an Initial Coin Offering (ICO).